Catenaa, Tuesday, April 29, 2025-Stripe is launching a pilot for its new stablecoin payments product, targeting businesses outside the United States, United Kingdom and European Union, CEO Patrick Collison announced late Friday.
Collison said the company has been planning the move for nearly a decade and is now opening the product for testing. The stablecoin tool is powered by Bridge, the cross-border payments platform Stripe acquired earlier this year, offering an alternative to traditional networks like SWIFT.
The pilot comes as stablecoins, pegged mostly to the U.S. dollar, are seen as a breakout area for blockchain adoption. Citi predicts the market could expand to $3.7 trillion by 2030, calling stablecoins a “ChatGPT moment” for the industry.
Stripe’s move reflects renewed interest in crypto payments after its earlier withdrawal from Bitcoin services in 2018, citing high fees and slow processing times.
The stablecoin push also coincides with a broader wave of traditional financial institutions entering the sector, positioning Stripe to compete in a fast-evolving digital payments landscape.
Regulatory approval for the Bridge acquisition, founded by former Coinbase executives Zach Abrams and Sean Yu, signals growing acceptance of blockchain-based infrastructure for global money movement.
Analysts expect stablecoin products to reshape cross-border transactions, offering faster, cheaper alternatives to current systems. Stripe’s test phase aims to gather feedback before a broader rollout.
